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Mar 18, 2013
03/13
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40% of all individuals tax returns. it is a hugely popular deduction for money i mayans of homeownery year. it could be changing in a big way which might have a big impact on the housing industry. he was more details on what you need to know is former fannie mae executive vice president institute fellow. welcome to the show. this is having a huge impact on housing industry, wouldn't it? >> of it were done right, and wouldn't have a huge impact, to be a beneficial. this deduction is outlived usefulness. literally 100 years, so the value of it has declined and declined and declined year-over-year. use the money that you saved to reduce marginal impact bracket which would be positive. melissa: the devil is in that last detail you mentioned, what we really use eliminating it to lower marginal rates or would it be another thing that is sucked out to pay higher taxes. let's talk about how their talk about doing it in with the best way to do it would be, it wouldn't be so destructive to the market. the deduction is up $2 milli
40% of all individuals tax returns. it is a hugely popular deduction for money i mayans of homeownery year. it could be changing in a big way which might have a big impact on the housing industry. he was more details on what you need to know is former fannie mae executive vice president institute fellow. welcome to the show. this is having a huge impact on housing industry, wouldn't it? >> of it were done right, and wouldn't have a huge impact, to be a beneficial. this deduction is...
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Mar 19, 2013
03/13
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CNBC
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twhos depositests less than 100,000 euros could be spared the new bill taxes. >>> and u.s. investors get another check on the housing sector with new construction permits due later today. >>> reuters is now telling us that cyprus has reviewed a draft cypriot bill. it includes a levy spares thog those accounts of less than 20,000 euros from a tax in cypress. it would levy 6.5% on those between 20,000 and the 120,000 euros. it's waiting to see whether there would be additional levies on the counts of above 250,000 euros. i'm not sure if the math adds up to what cyprus needs to contribute so it would agree with european lenders. what's interesting about this is 6.75%, again, roughly consistent with what we were hearing prior to the fact that the international community wanted smaller deposit holders to be spared. those under 20,000 euros would be. but those between 120,000 paying 6.75% and crucially we know cypress didn't want this double digit tax increase on bigger accounts, this would keep the levy at 9.9% for deposits above 100,000 euros. potentially some pressure from the
twhos depositests less than 100,000 euros could be spared the new bill taxes. >>> and u.s. investors get another check on the housing sector with new construction permits due later today. >>> reuters is now telling us that cyprus has reviewed a draft cypriot bill. it includes a levy spares thog those accounts of less than 20,000 euros from a tax in cypress. it would levy 6.5% on those between 20,000 and the 120,000 euros. it's waiting to see whether there would be additional...
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Mar 19, 2013
03/13
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you know, there are the taxes on assets, tax that are on insurance companies that are getting passed to consumer and you know maybe down the line there will be questionable taxes on savings accounts. you never know what the united states will do. neil: all i know, they are a heck of a lot more ways to be create testify get money than spending, very good points thank you, mike rigs in washington. >> to mike a point, the problem with small nation going after its citizens bank deposits, other bigger nations see how it goes, and markets world over fear all far it goes, which could explain why so many markets were tajin oing tankings thing. joe perry. and -- joe, what do you think? >> i think it is jjst as you said, this has been going on, for a while. and the bigger government gets, the more intrusive it gets it has been in your pockets, my pockets, my banks pockets by depositors pockets, large and small. what is happening now, like a story we use in banking called boiling a frog, you want to bl a frog, if you put him in boiling water he will jump o and complaint, this is what is happeni
you know, there are the taxes on assets, tax that are on insurance companies that are getting passed to consumer and you know maybe down the line there will be questionable taxes on savings accounts. you never know what the united states will do. neil: all i know, they are a heck of a lot more ways to be create testify get money than spending, very good points thank you, mike rigs in washington. >> to mike a point, the problem with small nation going after its citizens bank deposits,...
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Mar 19, 2013
03/13
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they paid their tax in full and on time legally, but now the state wants back taxes interest and penalties for five years. >> this notice was the first i heard of it. >> to brian overstreet it felt like a punch in the gut, compliments of california, a six-figure bill for back taxes. >> that is what is moat owes rage just about this situation. it is five-year look back and interest on money you had no idea you even owed. >> overstreet and hundreds like him got a letter from the state, due to a court ruling a 50% tax break for small business and startup investors was no longer available. anyone who claimed it in the last five years had to pay up. >> retroactivity is issue of fairness and credibility for california. >> even california's tax leaders say what the state is it doing is unfair, overreacting and overreaching, hoping to claw back some $120 million for cash-strapped california. >> problem right now we have what is the revenue is identified those folks up in sacramento will figure out how to spend it already. >> pro-business lawmakers are trying to rescind the letter, fearing high-tec
they paid their tax in full and on time legally, but now the state wants back taxes interest and penalties for five years. >> this notice was the first i heard of it. >> to brian overstreet it felt like a punch in the gut, compliments of california, a six-figure bill for back taxes. >> that is what is moat owes rage just about this situation. it is five-year look back and interest on money you had no idea you even owed. >> overstreet and hundreds like him got a letter...
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83
Mar 18, 2013
03/13
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FBC
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk inclus possible loss of principal. ...amea... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. that was the only thing left of the house. the only thing. red cross helped us and t
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk inclus possible loss of principal. ...amea... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta...
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Mar 14, 2013
03/13
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FOXNEWSW
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the democrats say now that, yes, we must have tax hikes, or tax something -- tax revenue, and we must have spending cuts. and that's unusual -- >> neil: but they're quicker at identifying the tax hikes than the spending cuts, and when it comes to republicans, what they offer on spending cuts of their own, don't address defense. although paul ryan has entertained caps. >> people watching the show should realize our deficits grow in both plans, and ryan's plan is for progrowth. but both sides okay with the spending and both sides -- democrats-saying something about taxes. but there's $100 billion in there for a new stimulus plan, which i don't know how well that's going to fly. and then ryan keeping in the notion of appealing obamacare has to -- >> move on. >> that's not going to work at least for the next four years. so you keep it in there, maybe it's something you give up during negotiations. i think people watching the show should feel more hopeful, but to your point, the chasm, we're so far away from a deal, something i wouldn't bet on. >> neil: democrats claim their budget will sl
the democrats say now that, yes, we must have tax hikes, or tax something -- tax revenue, and we must have spending cuts. and that's unusual -- >> neil: but they're quicker at identifying the tax hikes than the spending cuts, and when it comes to republicans, what they offer on spending cuts of their own, don't address defense. although paul ryan has entertained caps. >> people watching the show should realize our deficits grow in both plans, and ryan's plan is for progrowth. but...
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Mar 20, 2013
03/13
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FBC
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he despite the taxes. the economies in europe, particularly we're talking now about spain and italy, have been beaten down by the austerity programs. we, but we see them coming back slowly but surely in the second half. and fourt fourth and, the -- 2014 and equity markets tend to look ahead six months or so for those developments. david: let's hope it happens. bill, great to see you. thank you very much have. appreciate you coming in. >> okay. lauren: budget proposals everywhere but no deal in sight as the clock continues to tick. congress has one week left to come to a compromise and avert a government shutdown. we're live on capitol hill with the very latest. [ engine revving ] ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just stay alive... but feel alive. the c-class is no exception. it's a mercedes-benz, through and through. see your authorized mercedes-benz aler for exceptional offers through mercedes-benz financial services. lauren: the h
he despite the taxes. the economies in europe, particularly we're talking now about spain and italy, have been beaten down by the austerity programs. we, but we see them coming back slowly but surely in the second half. and fourt fourth and, the -- 2014 and equity markets tend to look ahead six months or so for those developments. david: let's hope it happens. bill, great to see you. thank you very much have. appreciate you coming in. >> okay. lauren: budget proposals everywhere but no...
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Mar 19, 2013
03/13
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low st and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, chaes and expenses. read and consider it carefully before investing. risk incdes possible loss of principal. you ow it can be hard to lbreathe, and how that feels.e, copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva ishe only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiva. discuss all medicines you take, even eye drops. stop taking iriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue
low st and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, chaes and expenses. read and consider it carefully before investing. risk incdes possible loss of principal. you ow it can be hard to lbreathe, and how that feels.e, copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open...
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Mar 21, 2013
03/13
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FBC
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room tax. we call it the accommodations tax, but, potentially, the numbers are twice as big. the on line travel companies have wanted the trial court on that issue, but both the state and the online travel companies are going to be appealing the trial court's decision so we don't know how either of the outcomes will look, but right now, at least, there's a $230 million bill that's about to be sent to the on line travel company. tracy: like amazon story where they couldn't -- no one could call their main office, so to speak,,home, so no one knew where to charge tax. they come down on amazon too. it's no surprise they are coming county on this, are we? >> it's no surprise at all, and especially in this situation. you got an industry that didn't really exist when the taxing statutes were enacted, and so the taxing statutes have terms like travel agency, and that doesn't really fit and hotel operators doesn't fit so you got a taxing statute that has not really kept up with the development of techno
room tax. we call it the accommodations tax, but, potentially, the numbers are twice as big. the on line travel companies have wanted the trial court on that issue, but both the state and the online travel companies are going to be appealing the trial court's decision so we don't know how either of the outcomes will look, but right now, at least, there's a $230 million bill that's about to be sent to the on line travel company. tracy: like amazon story where they couldn't -- no one could call...
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Mar 19, 2013
03/13
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there would be a 3% tax for deposits under $100 thousand euros, and a 10% tax and 15% tax for amounts larger than 500,000 euros, country central bank declaring a holiday until thursday, when they vote on the plan, this is sparking investor fears at home, joining me now lance roberts, host of street talk live, and xena. partner and cfa, welcome all, great to have you here, lance, i'll start with you, i have to assume some wealthy individuals are having questions about safety of their money, have you gotten any calls, are you expecting any? >> i'm not expecting any but i would not be surprised to see people talk more about this in next few days it is very late tonight anyway it looks like they will preserve the under $100 thousand mark and go after larger deposits, but the question, here in u.s., could it happen here? probably not. but the question is, ha hasn't t already happenith standpoint feds suppressing interest rates, that is the rate less than inflation, negative interest rate it has already happened here. gerri: let's go to xena for a second, a lot of people out there think thi
there would be a 3% tax for deposits under $100 thousand euros, and a 10% tax and 15% tax for amounts larger than 500,000 euros, country central bank declaring a holiday until thursday, when they vote on the plan, this is sparking investor fears at home, joining me now lance roberts, host of street talk live, and xena. partner and cfa, welcome all, great to have you here, lance, i'll start with you, i have to assume some wealthy individuals are having questions about safety of their money, have...
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Mar 15, 2013
03/13
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the liquor industry pays $6 billion per year federal taxes. the sex industry could do the same thing. there will still come. the bunny ranch is world famous. when you have a television show that has been on 11 years on hbo you get pretty famous. gerri: welcome back to "the willis report" live from atlantic city. we are talking the business of vice today. if you are looking to put your hand in gaming stocks in the we have you covered for some of the hottest picks out there. managing director joins me now. thank you for being with us. you're one of the smartest mines read comes to investing in the stocks. i want to start here with atlantic city produce say it is hard to play. >> if you look from a public equity standpoint there is very little exposure. the earnings from caesars, the it's an earnings. otherwise the main gaming companies just don't have a lot of investment, so it is not release an earnings driver for them. gerri: so let's talk about vegas because i think you find that an easier way to get into the marketplace. vegas is still suffe
the liquor industry pays $6 billion per year federal taxes. the sex industry could do the same thing. there will still come. the bunny ranch is world famous. when you have a television show that has been on 11 years on hbo you get pretty famous. gerri: welcome back to "the willis report" live from atlantic city. we are talking the business of vice today. if you are looking to put your hand in gaming stocks in the we have you covered for some of the hottest picks out there. managing...
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Mar 19, 2013
03/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. and apply online. ♪ your finances can't manage themselves, but that doesn't mean they won't try. bring all your finances together with the help of the one person who can, a certified financial planner professional. cfp -- let's make a plan. >> the white house sent out a memo saying the easter egg roll may be canceled because of the cuts. for 134 years, children rolled eggs down the white house lawn and celebrated a christian festival at
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with...
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Mar 19, 2013
03/13
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FOXNEWSW
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this is a big deal. >> neil: this was an asset tax. something to which we're not immune here because with the healthcare law, there's the medicare hsu tax on selling real estate and x amount. so we already have that built in. so the -- i'm not saying the next stop is the depositor tox but we do have asset tax. >> absolutely there has been talk about the consumer financial protection bureau taking control and oversight of 401k accounts so they can make sure people aren't being ripped off. if you undermine the whole idea of savings, we already have a nationy we're not saving enough for retirement. all we need to do is undermine our financial system as well and it's just disaster on the way. >> neil: i'm not happy. if you don't watch fox business, she's going to come with her best-selling book and force you to read it. >> a fox news alert. the white house easter egg roll is not at risk. why there is an excess warning we're all about to get scrambled most people think that after an accident, you'll have to pay five hundred bucks for your d
this is a big deal. >> neil: this was an asset tax. something to which we're not immune here because with the healthcare law, there's the medicare hsu tax on selling real estate and x amount. so we already have that built in. so the -- i'm not saying the next stop is the depositor tox but we do have asset tax. >> absolutely there has been talk about the consumer financial protection bureau taking control and oversight of 401k accounts so they can make sure people aren't being ripped...
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Mar 14, 2013
03/13
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the process is as daunting as doing your taxes, the government application is 15 pages long. it ain't going to be that fast that payments. the online application process has 21 steps, some of those steps have more than one question. the department of health and human services estimates it will take you a half hour to complete the online application. forty-five minutes to fill out the paper version. if your household income has changed over the past year, you'll have to apply based on your latest tax return. and in the same turn, you have to predict what your income will be in 2014. in other words, you must provide loads of documentations. and if you or your spouse decide not to take your employer offered insurance, the questions will be plenty. once you have filled out the forms, the red tape is just getting started. at least three major agencies, including the irs, will have to approve your application. they will check your identity and see if you make the income and citizen content citizenship requirements. they are not going to pretty for the actal benefits. that would be
the process is as daunting as doing your taxes, the government application is 15 pages long. it ain't going to be that fast that payments. the online application process has 21 steps, some of those steps have more than one question. the department of health and human services estimates it will take you a half hour to complete the online application. forty-five minutes to fill out the paper version. if your household income has changed over the past year, you'll have to apply based on your...
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Mar 14, 2013
03/13
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there is a distinction between tax avoidance and tax evasion. most of the federal employees, was looking at the numbers, they did file their tax return. they are not trying to evade taxes. so, you know, sometimes there is an honest disagreement, which was the case. so let's be a little bit careful melissa: to me, it always shows me how disorganize the government is. the largest group of workers were from the post office. there were not up-to-date on their taxes. wondering, while one hand as panama can't the other hand, and and garnish their wages, even a little bit to pay the taxes? >> and this is a top down problem. we have a treasury secretary you had back taxes as well and no one seems to be very concerned about. this is a big issue that does not just extends to a certain group of federal workers. i think the interesting thing is that federal employees are by and large paid much more than their private-sector counterparts. the question is to wire we seeing the taxes owed to the government coming back in? think you're right. a lot of abuse of
there is a distinction between tax avoidance and tax evasion. most of the federal employees, was looking at the numbers, they did file their tax return. they are not trying to evade taxes. so, you know, sometimes there is an honest disagreement, which was the case. so let's be a little bit careful melissa: to me, it always shows me how disorganize the government is. the largest group of workers were from the post office. there were not up-to-date on their taxes. wondering, while one hand as...
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Mar 21, 2013
03/13
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with the obamacare tax on housing that is a confiscation, confiscatory tax on assets. which is taxing income already been taxed once. people are saying we already do this. what do you think? >> first of all, i couldn't agree more. that's why i voted against obamacare and voted 30 times to repeal it. it is outrageous. i will say this. in this case congress did vote to do this they did pass obamacare. the president signed it. the supreme court declared it constitutional. those are all things i disagree with. they were done within the framework of the law. in this case congress would have acted ahead of time and made it apparent we don't favor anything like this. i think it is a little bit different. melissa: are you worried, are there internal conversations what is going on in cyprus and any spillover you might see around the world? any ensuing global slowdown because just a few hours ago they said they were cutting in half the amount of money that people can take out of the atms. they have had the banks closed for days. they are not reopening them, they say, until next
with the obamacare tax on housing that is a confiscation, confiscatory tax on assets. which is taxing income already been taxed once. people are saying we already do this. what do you think? >> first of all, i couldn't agree more. that's why i voted against obamacare and voted 30 times to repeal it. it is outrageous. i will say this. in this case congress did vote to do this they did pass obamacare. the president signed it. the supreme court declared it constitutional. those are all...
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Mar 13, 2013
03/13
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, taxes, taxes, texas. you have been looking at some of the numbers r the president, doesn't look so good for him right now. >> that is pretty evidently why. we have seen disapproval up, people generally side with republicans on how much spending there ought to be, they will make a sudden break, very urgent and sudden break away from the prior tactic which said he was ing to drag the g.o.p. through the fiscal fights over the next 18 months and go through victory in 2014 and win back the hse for democrats, so the president is at least engaged in an operational pause so you can quiet the criticism. >> that is because the last two weeks have not gone well for the president. using all these scare tactics. the american people look at all the waste in the budget and say wait a minute, have to cut the parks rather than get rid of the conferences for wine tasting and things like that. i'm great to see the polls are reflecting that. gerri: i was interested in what paul ryan had to say about his budget. he wrote the
, taxes, taxes, texas. you have been looking at some of the numbers r the president, doesn't look so good for him right now. >> that is pretty evidently why. we have seen disapproval up, people generally side with republicans on how much spending there ought to be, they will make a sudden break, very urgent and sudden break away from the prior tactic which said he was ing to drag the g.o.p. through the fiscal fights over the next 18 months and go through victory in 2014 and win back the...
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Mar 18, 2013
03/13
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a vote that would tax deposits. they will vote tomorrow. this is an attempt to save the country from vagrancy. the dow is down. oz, the great and powerful one the box office. the movie a sequel to the wizard of oz. i got it. it is a prequel. back in a second. ♪ thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. stuart: i have some breaking news on the cyprus situation. the banks there will remain closed until thursday. will there be a run on the banks? we do know that europeans are saying they will have enough money in the banks at that time so if you want to get the money out you can. charles will catch up on a beauty retailer. charles: ulta. they beat the street, but the guidance was a little so-so.
a vote that would tax deposits. they will vote tomorrow. this is an attempt to save the country from vagrancy. the dow is down. oz, the great and powerful one the box office. the movie a sequel to the wizard of oz. i got it. it is a prequel. back in a second. ♪ thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand...
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Mar 16, 2013
03/13
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eye 27
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some people can agree on one level taxes ought to be at. fundamental disagreements that are fought out in elections. >> you cannot ignore the math. let's be clear about that. >> totally different from the blue smoke and mirror games that are being played by investors. j.p. morgan. other investors. neil: the only thing i will save, and pick up on this point. the difference was that the company quickly seized and acknowledged the mistakes, on up to the mistakes, plus representatives of the company for the mistakes and/or held accountable by shareholders for those mistakes. the shareholderr ultimately are the owners and the company and came back in place their confidence in the way the company handled it. >> epicure exactly right. what congress is doing is ignoring math because we have interest payments that we have to pay every year, just like you have to pay the interest on your mortgage. we have an interest payment, 250 billion per year. ten years looking at nearly a trillion dollars per year just per. 1 trillion. where will we get that? we
some people can agree on one level taxes ought to be at. fundamental disagreements that are fought out in elections. >> you cannot ignore the math. let's be clear about that. >> totally different from the blue smoke and mirror games that are being played by investors. j.p. morgan. other investors. neil: the only thing i will save, and pick up on this point. the difference was that the company quickly seized and acknowledged the mistakes, on up to the mistakes, plus representatives...
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Mar 14, 2013
03/13
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increase, the start of the year, tax refunds were delayed. gas prices increased very sharply in the month. on top of that the weather map looked like grand central terminal for a snowstorm. lou: iust want to inject, when you say refund's amount of refunds were affected on this, as we understand it. that is just a narrow portion, if you will. still significant. >> there were some delays. that meant refund checks. lou: it was not therises felt we should point out. >> it was the fiscal cliff issue lou: as we look at this, the forecast adjustment, you look at net exports, and that inspired you. >> part of it is net exports. that is a sector that it really carry the economy from the end of the recession up until about middle of last year, and then it dropped off as things fell apart in europe, china growth wobbled, japanese growth looked pretty soft as well. lou: happeni in japan. >> i love it. and more iortantly, the economy looks fantastic. the housing sector continues to skyrocket. lou: don't tell me. >> spending. lou: what they call that? cnbc
increase, the start of the year, tax refunds were delayed. gas prices increased very sharply in the month. on top of that the weather map looked like grand central terminal for a snowstorm. lou: iust want to inject, when you say refund's amount of refunds were affected on this, as we understand it. that is just a narrow portion, if you will. still significant. >> there were some delays. that meant refund checks. lou: it was not therises felt we should point out. >> it was the fiscal...
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Mar 13, 2013
03/13
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lou: disease a tax increase is? >> spending cuts plus tax increases. [laughter] lou: we are out of time. we will bring you back with more than 302nd. >> of afford to it. lou: thanks so much. >> thank you. lou: the book is turnaround. we appreciated.
lou: disease a tax increase is? >> spending cuts plus tax increases. [laughter] lou: we are out of time. we will bring you back with more than 302nd. >> of afford to it. lou: thanks so much. >> thank you. lou: the book is turnaround. we appreciated.
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Mar 15, 2013
03/13
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it is income tax? wealth tax? i think if take eps were turned and it was -- tables were turned it was all of a sudden about wealth tax they would have a problem. we have to go back to defining our terms, i think all of these things individually are hard to talk about, it has to be part of okay could if i'm going to give you two nickles, what two nickles are you going to give up. that is the only way we'll get there, a hard road t hoi, our problems is over spending. >> you know, congressman, isn't it time republicans and democrats hold hands jump off the cliff together, and deal with their sacred cow whether it is republicans with defense, likes of senator coburn and others or democrats and en titanium am as nancy pelosi and harry reid have not is there bit of a need for risk taking on both parties part and we're not seeing that. >> there has to be risk taking on spending side. too much of this conversation right now is about taxes, right now it is about what taxes we raise. well we just raised taxes 4 months ago i
it is income tax? wealth tax? i think if take eps were turned and it was -- tables were turned it was all of a sudden about wealth tax they would have a problem. we have to go back to defining our terms, i think all of these things individually are hard to talk about, it has to be part of okay could if i'm going to give you two nickles, what two nickles are you going to give up. that is the only way we'll get there, a hard road t hoi, our problems is over spending. >> you know,...
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Mar 17, 2013
03/13
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i have seen a lot of tax protestors and they do put them in prison when they don't pay their taxes. yes, people go to jail. i'll let you fight the battle first. thanks to everybody that contacted the show. keep your comments coming in. tom sullivan show, we're open for business 24/7. check out our facebook page, and then tom sullivan show. there is a lot of tom sullivan show, you can follow me on twitter at slivan radio and all the things to contact us on the web my main webpage which is tomsullivan.com. thanks for joining us. make sure to tune in to the radio show. listen in through our fox news radio app. download it from itunes. you can hear us online by clicking live button on my main website. we or radio every day from 3:00 to 6:00 p.m. eastern time. we'll have another great show weekends. "the willis" report is coming up next. gerri: hello, i'm gerri willis live from the at atlantic city. tonight, new obamacare fees catching employers by surprise. what's in store for your company and why so many firms are fuming. also, it's a whale of a problem for j pmorgan, b did the bank ig
i have seen a lot of tax protestors and they do put them in prison when they don't pay their taxes. yes, people go to jail. i'll let you fight the battle first. thanks to everybody that contacted the show. keep your comments coming in. tom sullivan show, we're open for business 24/7. check out our facebook page, and then tom sullivan show. there is a lot of tom sullivan show, you can follow me on twitter at slivan radio and all the things to contact us on the web my main webpage which is...
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Mar 18, 2013
03/13
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you can tax depositors or you could tax the entire country. which would have spread the pain among tax payers. they started to spike on the fear that this could lead to a contagion. we haven't seen bank lines in italy or spain, which was the fear. it certainly raised a lot of concerns. >> let's also bring in steve leaseman and rick santelli for more reaction. why don't you start off with your views with what you're hearing from people there when you're looking attic movements. what really jumps out to you? >> i'll tell you what, and i am totally serious about this. when i walked in, this is a little earlier than our regular time. people are walking around, taking care of issues from friday. people have come up and said i understand this is a little island with a gdp that's in fan tess mal. i'll tell you what, i'm kind of shocked that it made that jump. i understand that at a time where computerization allows every government on the planet to track and have say complete financial audit trail of everything anybody has, whether it's in this count
you can tax depositors or you could tax the entire country. which would have spread the pain among tax payers. they started to spike on the fear that this could lead to a contagion. we haven't seen bank lines in italy or spain, which was the fear. it certainly raised a lot of concerns. >> let's also bring in steve leaseman and rick santelli for more reaction. why don't you start off with your views with what you're hearing from people there when you're looking attic movements. what really...
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Mar 18, 2013
03/13
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tax pains. scott from the tax foundation is going to be joining me next as we kick off a week long series on what is sure to be painful. your tax appointment. we'll be right back. friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. bottom of the hour, time for stocks now like every 15 minutes. nicole, you are watching jcpenney, stock is jumping, good news for a change for these guys. >> that's right. don't forget long term jcpenney has been under pressure the last 51 -- 52 weeks, we have -- up 9.5% at 1694 right now. a couple stories the the first is that isi is comments on jcpenney, and while they seem that they were moving forward some serious financial problems, isi had another option saying they should isolate the top 300 locations and convert them into an entity, and that is
tax pains. scott from the tax foundation is going to be joining me next as we kick off a week long series on what is sure to be painful. your tax appointment. we'll be right back. friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. bottom of the hour, time for stocks now like...
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Mar 18, 2013
03/13
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-- imposing taxes. in illinois requiring the strip club operators to impose a $3 charge for their customers. the tax is expected to raise a million dollars annually. texas has also got eight vice tax. it is a little different. a little bigger deal in texas. $5. they are getting just about ten times as much revenue as a state of illinois. nevada, the only state in the country to allow any form of prostitution to illegally. it does not collect the tax. but if it did it will reportedly earn nearly $150 million for the state in nevada. regardless of whether not you think the taxes are good or bad public policy, there is no denying that device is generating an enormous amount of what government seems to like most, revenue. the nra proposal to keep our kids safe in school is still the best solution. the "a-team" on where are the other leaders. the billionaire mayor wants to ban guns. styrofoam cups, smoking. but he won't ban pot holes and poverty. why not? damaging testimony today in the case of two ohio
-- imposing taxes. in illinois requiring the strip club operators to impose a $3 charge for their customers. the tax is expected to raise a million dollars annually. texas has also got eight vice tax. it is a little different. a little bigger deal in texas. $5. they are getting just about ten times as much revenue as a state of illinois. nevada, the only state in the country to allow any form of prostitution to illegally. it does not collect the tax. but if it did it will reportedly earn...
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Mar 13, 2013
03/13
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reform, where we can lower both the income tax and corporate tax, i want to reward productivity, not punish productivity. we have to keep making things and building things and en vating, those -- invo vating, those are companies environment brincompanies that i wantto brih carolina's work force and our tax climate and quality of life, and right to work status, which we've had for a long time, and we're got goiig to change it, is a great retributemen recruitmen. neil: how much do you look at problem that boeing has been having, to get the dreamliner batteries fixed. were you breathing a sigh of relief? >> if you talk about the labor unions, and what the obama administration was doing with that, that is ridiculous. i'll fight with my fellow competitors even in south carolina to protect our right to work stat us in north carolina and my neighbors competing states, that very important. neil: regardless, both and other companies to look to right-to-work states, your own included, that is not disrupted by whatever problem it had? >> no. no, not at all. and the other thing, we have to be ca
reform, where we can lower both the income tax and corporate tax, i want to reward productivity, not punish productivity. we have to keep making things and building things and en vating, those -- invo vating, those are companies environment brincompanies that i wantto brih carolina's work force and our tax climate and quality of life, and right to work status, which we've had for a long time, and we're got goiig to change it, is a great retributemen recruitmen. neil: how much do you look at...
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Mar 20, 2013
03/13
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this is just a new tax law. a court ruling that overturned this tax credit in the law, but instead of moving forward now with that new law in place, california state government decides to go back to try to reach the taxes from business owners who had no idea they had this liabilitiy, that is a first problem. the second problem, is this the new trend in state taxes? will we start seeing the cash strapped states pick up on this. and they will weed taxpayers in the fiscal year but from before as well. neil: craig, this is a concern. if others get a cue from this watch out. >> california is a trendsetter. as a small business owner, my other friends who are small business owners we've been hit with 5 to over 100,000-dollars in fourth quarter of last year in retro active tax, that is job, and investment money and a downer on christmas. now a new one that bureaucrats at franchise tax board are making a decision, it is politicians that are out of control, california is worst with highest tax state, the highest sales tax
this is just a new tax law. a court ruling that overturned this tax credit in the law, but instead of moving forward now with that new law in place, california state government decides to go back to try to reach the taxes from business owners who had no idea they had this liabilitiy, that is a first problem. the second problem, is this the new trend in state taxes? will we start seeing the cash strapped states pick up on this. and they will weed taxpayers in the fiscal year but from before as...
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Mar 21, 2013
03/13
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there's no income tax, no estate tax, but a lot of peep don't like the heat. i'm just saying, you know, maybe people are looking at this wilbur saying there's a lot of high tax states. california is one of them. new york is one of them. tristate, new york city, new jersey, connecticut area, all high tax states. where do we go? that's what politicians count on. >> my guess is he'll be in the sense to bring in more tax than he will lose. i don't think you're going to have vast outbound migration, but i think the question is, did you break safe with the business community when you promise them the temporary tax, people sported it. i don't know very few people in the business community opposed it the first time because we thought, well, he's doing a good job. he's trying to fix it a lot of things in the state budget. if he needs the temporary cover, give it to him, but now to extend it, that reminds me that federal income tax was supposed to be a temporary tax to pay for world world war i, limited to pay for world war i. neil: you're right. stayed on, didn't it? >
there's no income tax, no estate tax, but a lot of peep don't like the heat. i'm just saying, you know, maybe people are looking at this wilbur saying there's a lot of high tax states. california is one of them. new york is one of them. tristate, new york city, new jersey, connecticut area, all high tax states. where do we go? that's what politicians count on. >> my guess is he'll be in the sense to bring in more tax than he will lose. i don't think you're going to have vast outbound...
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Mar 20, 2013
03/13
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many investors still concerned about the eu bailout and the cyprus rejection of the eu mandated tax on the small depositors. news that the housing sector is stronger than expected helping to overcome some of the markets and today. the dow up about four points. the s&p fell to the sameumber, the nasdaq down almost nine. big board volume today picking up. gold moving higher, up 670, closing at 161130. crude oil dropping a dollar 58 to 9216 per barrel. the bond market and interest rates falling. the ten year treasury just under 2%. federal reserve policymakers beginning their 2-day meeting. my next guest said the fed will has been substantial, don't expect changes anytime soon. that should be music to the ears of most investors. joing us, former federal reserve vice chair princeton economist alan blinder and the author of the book after the music stops. great to have you with us. >> nice to be here. lou: let's start with cypress. this little place, million folks. they're creating quite a mess. $400 billion lt of global markets yesterday. we should blame -- >> multiple of the gdp. i actual
many investors still concerned about the eu bailout and the cyprus rejection of the eu mandated tax on the small depositors. news that the housing sector is stronger than expected helping to overcome some of the markets and today. the dow up about four points. the s&p fell to the sameumber, the nasdaq down almost nine. big board volume today picking up. gold moving higher, up 670, closing at 161130. crude oil dropping a dollar 58 to 9216 per barrel. the bond market and interest rates...
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Mar 18, 2013
03/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >> neil: at it time for our latest edition of "they say, we check." >> year going to mapping our way through this by identifying the lowe's risk detainees and putting them into alternative -- >> sorry, janet, not true. we checked on that. >> several hundred related to sequester but not thousands. >> neil: also not tr
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe?...
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Mar 13, 2013
03/13
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the economy is doing better despite payroll tax increases. and importantly, the leading indicators, whether we're talking about confidence, new orders, those things are also improving. so i don't think it's all baked in. >> what gets the rotation of any magnitude from bonds into stocks, which really could accelerate things? >> capital losses on your bonds. you know, right now at bessemer, we have a maximum underweight to government debt. so we're as low as we'd go based on our strategic guidelines. but i think when you get those pension funds, those institutional investors, and even some retail investors actually saying, gosh, for the last 25 years, bonds have been a great place to be, they're not anymore. that's when i think we see that moving. i don't know if we're there yet. >> if you put money into equities, where do you want to be? >> we're trimming some of our high-yield exposure now. we started doing that in january. we're taking an additional step right now and adding further to our equity exposure. we're focusing on large-cap stocks.
the economy is doing better despite payroll tax increases. and importantly, the leading indicators, whether we're talking about confidence, new orders, those things are also improving. so i don't think it's all baked in. >> what gets the rotation of any magnitude from bonds into stocks, which really could accelerate things? >> capital losses on your bonds. you know, right now at bessemer, we have a maximum underweight to government debt. so we're as low as we'd go based on our...
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Mar 16, 2013
03/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >> factor tip of the day. outrage growing in the midwest. the jessica's law sickens me, i love the state and lived here my whole life, but becoming resentment because of the crazy politics, i'm canceling my subscription to the denver post. coloradans wake up and fight back. and villa hills, kentucky, if colorado and hawaii don't pass jessica's law you should call for a tourism boycott, bill. too many innocent people get hurt if i did that, william. the message is getting out and there are many fine vacation destinations in the usa. there's a lot of competition in that area. karen harris, maui, aloha, bill, we need your muscles here, the legislation cares more about pets than children.
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >> factor tip of the day. outrage growing in the midwest. the jessica's law sickens me, i love the state and lived here my whole life, but becoming resentment...
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Mar 21, 2013
03/13
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what he did was cut taxes on working people, 90 percent of the public did not pay any taxes. the 2% the did. lou: to drop their rates from 15, under 1 percent as a percentage of the revenue income revenue. 1924, immigration act. people don't realize he did a lot to bring out what we refer to now has diversity. he waseaching out to immigrants from all quarters, minority groups of all kinds. >> he also signed in at the main gate of american citizens. they could vote. way ahead on civil rights, proposing federal anti lynching loss. he spoke out to irish groups, jewish groups while at the same time that that evidence should be made american which is something that is clearly missing from our immigration debate. lou: the idea of going from melting pot to a cultural selig we never quite bring everybody together. that's like to ba very big issue. let me get your thoughts. are we going to see comprehensive immigration reform? >> i think not. when people see the price tag, the need to understa that -- well, coolidge understood. i'm engaged to marry an immigrant. nothing against immigr
what he did was cut taxes on working people, 90 percent of the public did not pay any taxes. the 2% the did. lou: to drop their rates from 15, under 1 percent as a percentage of the revenue income revenue. 1924, immigration act. people don't realize he did a lot to bring out what we refer to now has diversity. he waseaching out to immigrants from all quarters, minority groups of all kinds. >> he also signed in at the main gate of american citizens. they could vote. way ahead on civil...
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Mar 14, 2013
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property tax, sales tax, gas tax, state tax, city of new york tax, federal income tax, and almost everything i do in my leash time, rental cars, hotels, planes, all taxed as well. and the democrats want to add another trillion dollars in taxes? so we're quickly becoming sweden which has the highest tax rate in europe. u.s. corporate tax is already the highest in the world, already. and there is no doubt president obama wants to raise them even further. so, again, is this a sound economic policy? is this going to grow the economy in the u.s.a.? is it? finally, the president and the democratic party have failed to tell the american people exactly what programs they will cut in the future, if anymore. once again, there is no specific entitlement reform put forth by the president. this is really irresponsible. is it not? and that's the memo. now, joining us from washington fox news chief political correspondent carl cameron has been taking a look at the democratic budget and the republican budget in a hard news context. no commentary. all right? so carl is going to explain it so that even i can
property tax, sales tax, gas tax, state tax, city of new york tax, federal income tax, and almost everything i do in my leash time, rental cars, hotels, planes, all taxed as well. and the democrats want to add another trillion dollars in taxes? so we're quickly becoming sweden which has the highest tax rate in europe. u.s. corporate tax is already the highest in the world, already. and there is no doubt president obama wants to raise them even further. so, again, is this a sound economic...
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Mar 15, 2013
03/13
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of the choice we wouldather have only 2 percent of people's taxes go up instead of everybody's taxes go up. lou: and i understand the difficult choice, the toys that they found themselves in because they had been outmaneuvered. and did not think that they were sterling in there, if you will, tactics or strategy. >> well -- lou: i absolves them. >> thank you, francis. lou: well, if it's francis it's a different kind of deal, not about that. it's more likely to be about a mule. governor, we thank you very mu. >> thank you for having me. lou: much more on the future of the republican party throughout tonight's show. stay with us. ♪ lou: president and the famous the proclaimed the era of big government to be over. boy, was he wrong. but this wrong? we take it up in tonight's "chalk talk." ♪ wall street streaking higher. will it go higher from here? charles schwab managing director randy fetter on this recd rally. dad, i'd put that down. ah. 4g, huh? verizon 4g lte. 700 megahertz spectrum, end-to-end, pure lte build. the most consistent speeds indoors or out. and, obviously, astonishi
of the choice we wouldather have only 2 percent of people's taxes go up instead of everybody's taxes go up. lou: and i understand the difficult choice, the toys that they found themselves in because they had been outmaneuvered. and did not think that they were sterling in there, if you will, tactics or strategy. >> well -- lou: i absolves them. >> thank you, francis. lou: well, if it's francis it's a different kind of deal, not about that. it's more likely to be about a mule....
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Mar 19, 2013
03/13
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you tonight, wall street shrugging off a botched european union bailout of banks and an unprecedented tax on the deposits in cyprus, a tiny nation of 1.1 million people that will cost investors hundreds of billions of dollars in market capitalization. the dow jones industrial average down more than 100 points earlier but rebounded losing a modest 62 points. the s&p fell nine, the nasdaq down 11 and a half. the market off of the lows of the day. officials revising the imprudent and unreasonable plan to seize money from bank depositors to pay for the eu bailout. much damage has been done and some investors are so shaken, they will take their money out of the banks at their first opportunity, which is now thursday morning. international monetary fund and central bank are embarrassed, which doesn't solve the insolvency problem. negotiators around 150 nations from new york city trying to negotiate a binding treaty that would end unregulated arms sales. the arms trade treaty president obama now says he supports. thnational rifle association promises to strongly oppose that treaty saying it will
you tonight, wall street shrugging off a botched european union bailout of banks and an unprecedented tax on the deposits in cyprus, a tiny nation of 1.1 million people that will cost investors hundreds of billions of dollars in market capitalization. the dow jones industrial average down more than 100 points earlier but rebounded losing a modest 62 points. the s&p fell nine, the nasdaq down 11 and a half. the market off of the lows of the day. officials revising the imprudent and...
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Mar 16, 2013
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>. >> bill: segment, biggest pinheads of the week. once again gutfeld and mcguirk. we're going to take a pinhead every week and you start with, dennis rodman. >> who was your favorite? >> favorite is paul, john paul. i think he was cool as hell. he looked like a pimp. he looked like a pimp and he is speaking like 50,000 languages and.... >> bill: i have no idea what that was about. do you know what he was saying? >> he called the most favorite popes a pimp. >> bill: then he talked 20,000 languages. >> everybody, his i.q. matches his rebound average. no genius dennis rodman and it comes out we're building missile shields in california. >> bill: isn't rodman to make a pinhead. >> she pr
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>. >> bill: segment, biggest pinheads of the week. once again gutfeld and mcguirk. we're going to take a pinhead every week and you start with, dennis...
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Mar 20, 2013
03/13
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for school superintendents funded by your taxes. a fox investigation finds school superintendents are not just among the highest paid government workers in the country, but they increasingly get six figure pay and half million range, and it's ten times what teachers get. we found in a dozen states, school school superintendents paid more than what governors are paid to run the state including new york, new jersey, california, ohio, illinois, and washington state. we also found that four out of ten new york school superintendents get 200,000 annually, more than the pay for the governor quo moe and more than the average of 162,000. two school superintendents in new york made half a million bucks overseeing seven schools each. the governor joked about that. you know, i'd apply for that job, and now, gerri, there's little oversight of school superintendents' pay, and they are calling themselves ceos. in fact, schools now routinely use corporate pay models for school superintendents' pay getting free cars, free cell phones, money for col
for school superintendents funded by your taxes. a fox investigation finds school superintendents are not just among the highest paid government workers in the country, but they increasingly get six figure pay and half million range, and it's ten times what teachers get. we found in a dozen states, school school superintendents paid more than what governors are paid to run the state including new york, new jersey, california, ohio, illinois, and washington state. we also found that four out of...